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This 33-acre Private Island with 5. 5 acres of highland and 27. 5 of marsh, offers a Custom 2 bedroom, 1. 5 bath Island Cottage lovingly built by current owner. It's only a short 1-minute boat ride to St. Margaret's Island from your private dock at the Neck on Edisto Island that includes a 14 ft Pontoon boat for easy access to island. Custom features include interior all wood finishes, heart pine floors recovered from Edisto River in Orangeburg, SC, Tongue and groove Pine walls from reclaimed timber from Sotille Theatre in Charleston, SC, exposed beams reclaimed from Historic Pitt street Pharmacy in Charleston, SC, 900 sq. ft. wrap around screen porch with exposed rafters/rafter tails, cedar shake siding, Click on more for all information and documents tab for extensive information. pine trim, galvalume Metal roof, electric tankless water heater, underground electricity and water from Mainland. Along the sunny path to your cottage is a 10 x 20 cabin with screen porch, electricity, shingle roof, all wood finishes. a 240 sq. ft covered shed. There is also a 10 x 12 open shed with standing seam blue aluminum roof for storage, work bench, water toys, and gardening supplies. Every room features breathtaking views of deepwater creeks, marsh vistas and stunning sunsets. This lush secluded private island retreat is located within minutes of the Intracoastal Waterway, Atlantic Ocean, and Edisto beach for shopping and dining by car or boat. The island also features a 10 x 20 deep-water dock, fixed 10 x 20 covered pierhead, 10 x 7 sundeck, Mooring Piling 50 ft. from dock for larger vessels, power, and water, and is just minutes from your private community boat landing that accesses Edisto. It's only a 1/8 acre community parcel at the Neck on Oyster Bay court offers one designated parking space for your vehicle, boat and shed permissible, shared boat ramp for 7 residents, and shared walkway with a private/float ramp. You have an unobstructed view of your island from your dock at the Neck. Living on an island is a world of your own. Not only are its environs pristine and charming, but St. Margaret's Island is also covered with magnificent Signature Live Oaks, Magnolias, Palmetto trees and other coastal foliage. The natural splendor, beauty, and serenity will take your breath away! Come see this magical place of spectacular beauty located within an hour of Charleston SC and an international airport. This island is under conservation easement with the Lowcountry Land trust to ensure that it will always remain like it is.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,831,600 | $1,831,600 | $1,831,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.898% | 6.739% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,277 | $11,728 | $15,830 |
Total Monthly Payment | $11,402 | $11,853 | $15,955 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.